The currency pair Ethereum/Tether (ETH/USDT) goes from the ascending trendline down.
The bearish trend down to the next support at 2297.59 is likely expected.
Caution: A possible change in the direction of resistance at 2343.6 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
And also a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2404.37 |
| 2nd High | 2346.95 |
| Next High | 2343.6 |
| Current Price | 2322.650000000 |
| Next Low | 2297.59 |
| 2nd Low | 2278.98 |
| 3rd Low | 2252.42 |
2343.6 – 2313.98 – 2308.34 – 2297.59 – 2278.98 – 2252.42 —
2332.520000000 – 2351.680000000 —
60.195464414738 – 67.001322958636 —
– —
2343.6 – 1777757400
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –